There does seem to be a lot of ROFR activity happening right now. So do you guys think that is because lots of people are on waiting lists or is Disney stocking up on cheap contracts to sell at their new high prices. Is the price spread between resale and the new March 20th prices enough to make it worth Disney's while to actively encourage direct buyers to take the older resorts if they can't afford the more expensive ones.

I just got the email saying Disney has ROFRd this contract. That's 2 in 1 day

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That stinks! Pretty quick turn around, I wonder if they are going to take most or all contracts for older properties right now to replenish inventory. I feel like I am about 3 weeks behind since a ton of people were passing right through at the end of Jan - mid Feb.

What agency did you use? I have a purchase with Fidelity and a sale SSR with TSS both were submitted last week.

Is the price spread between resale and the new March 20th prices enough to make it worth Disney's while to actively encourage direct buyers to take the older resorts if they can't afford the more expensive ones.

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I don't think so. Industry standard is that cost to acquire/develop is 20-25% of sales costs. Even at $130, that means the ROFR threshold is $26-$33. Tim K. has suggested that the cost to Disney is even lower:

I don't think so. Industry standard is that cost to acquire/develop is 20-25% of sales costs. Even at $130, that means the ROFR threshold is $26-$33. Tim K. has suggested that the cost to Disney is even lower:

In general, I'm not a fan of guessing why something happens when I have no particular way of testing whether my hypothesis is true or not. It is too easy to put together the things we *can* observe. The price goes up here, ROFR happens there, must be related!

Assuming that it is increasing, there are a lot of plausible factors. For example, I suspect we have fully passed through the bulge of inventory made available through recession-inspired defaults, reducing the flow of "free" points to DVD. There is also some evidence that travel demand is picking up. David is experiencing more demand than he can fulfill for rental points. Wyndham is expecting a banner year for sales in their system this year, and is increasing their sales staff in Orlando. The non-Disney hotels are seeing an increase in both occupancy and average daily room rates:http://corporate.visitorlando.com/research-and-statistics/research-summary/

My bottom line is that any real changes---in pricing, in discounting, and in Disney's need to re-acquire---are going to be driven by these sorts of macro-economic trends, not local-to-DVD effects.

OKW 220 pts UY Feb.--220 holding, 228 banked all need to be used by Jan 2013, $59 per pt. submitted Feb. 18th. Still have not heard back, word is it may be in the current batch Disney just received. Buyer paying all costs, forgot to add that. Will keep everyone posted if we get it!

OKW 220 pts UY Feb.--220 holding, 228 banked all need to be used by Jan 2013, $59 per pt. submitted Feb. 18th. Still have not heard back, word is it may be in the current batch Disney just received. Buyer paying all costs, forgot to add that. Will keep everyone posted if we get it!

Working on the next update -- should be available in a couple of days. We just got back yesterday from 2 weeks in Orlando. I think I found the cure for addonitis -- we bought a house in Orlando . It's something we have been contemplating for quite some time, and having arrived home yesterday to a snow-covered driveway and having to shovel what did not melt yet, I knew our decision was the right one.